moQom announced today they have secured additional financing with Pinemont Limited, taking the investment to $3M.
This round of additional capital will be used to expand the scale of operations across the company as moQom continue to meet the rising demand for their game-changing products and services across Ireland and the UK.
Speaking earlier today, moQom CEO and Founder Colin Larkin stated, “This round comes at a pivotal time for moQom as we continue to move the business forward to meet industry demands. Proceeds will be used for continued research and development, industrialising current IP and exploration and expansion into new markets and opportunities. The funds will bolster, accelerate, and seal our plans for the future.” Mr. Larkin went on to say, “Pinemont share moQom’s vision when it comes to providing the best identity technology on the market. We are delighted to have them on board as moQom establishes itself as the industry leader in the identity space.”
Recent media spotlights have been put on the security of financial services, placing moQom’s innovative products services in demand more than ever.
This demand doesn’t seem to be slowing down any time soon, which is clear to Pinemont’s Director, Niall McHugh. “From the initial introduction I was impressed with the moQom team and their range of products and services,” Mr. McHugh stated. “The potential of the company is phenomenal, and this round will give moQom the much needed push to go and realise their plans for the next year, while monetising their impressive IP portfolio. We look forward to some exciting times ahead!”